JUST IN: Tesla moved another $275 million worth of Bitcoin to new wallets 👀
Tesla has now moved $760 million BTC on Tuesday. What is Elon Musk cooking?
JUST IN: Bitcoin $BTC will become as big as the entire U.S.
Housing Market says BlackRock $BLK CEO Larry Fink. For reference, Bitcoin's market size is currently $1.3 Trillion while the U.S. Housing Market is north of $50 Trillion. Source: Barchart
Satoshi Nakamoto
HBO documentary film maker Cullen Hoback has named Peter Todd, a bitcoin core developer who has been involved with bitcoin since 2010, as who he believes to be the real-world identity of Satoshi Nakamoto. If it is true, it means that this man holds about 1.1m BTC tokens (around $70 billion...) in about 22,000 different addresses. Source: Bitcoin Magazine
Exactly what someone who's Satoshi would say ???
Source: Wall Street Silver
A hard start of the month for bitcoin
Uptober vs. Uptover Source: Trend Spider
Bitcoin ETF inflows are back and this time no offsetting GBTC outflows
Source. zerohedge
Lyn Alden commissioned a research report, written by @samcallah, to quantify Bitcoin's correlation to measures of global money creation relative to other asset classes.
Result: Bitcoin moves in the directional of global M2 83% of the time; more than other assets. Source: Lyn Alden on X
BlackRock Reveals It’s Quietly Preparing For A $35 Trillion Federal Reserve Dollar Crisis With Bitcoin—Predicted To Spark A Sudden Price Boom
As fears swirl the U.S. dollar is on "the verge of a total collapse," the world's largest asset manager BlackRock has warned of "growing concerns" around the spiraling $35 trillion U.S. debt pile that's predicted to drive "institutional interest in bitcoin." "The growing concerns in the U.S. and abroad over the state of U.S. federal deficits and debt has increased the appeal of potential alternative reserve assets as a potential hedge against possible future events affecting the U.S. dollar," BlackRock's exchange-traded fund (ETF) chief investment officer, its head of crypto and its head of fixed income global macro wrote in a paper outlining the investment case for bitcoin. "This dynamic appears to be also taking hold in other countries where debt accumulation has been significant," the authors of the BlackRock paper added. "In our experience with clients to date, this explains a substantial portion of the recent broadening institutional interest in bitcoin." BlackRock, which has around $10 trillion in assets under management, described bitcoin as a "unique diversifier" to hedge against economic and political risk. "While bitcoin has shown instances of short-term co-movements with equities and other 'risk assets,' over the longer term its fundamental drivers are starkly different, and in many cases inverted, versus most traditional investment assets," the paper concluded. Source: Forbes Digital Assets >>> https://lnkd.in/ePufVM9J
